PPP Loan Data — Trevor Costa, Wyandanch, NY
Entity: Sole Proprietorship
Location: Wyandanch, NYTweet This • Search All PPP Data
Trevor Costa is a sole proprietorship located at 50 Wyandanch Avenue in Wyandanch, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Trevor Costa in Wyandanch, NY received a Paycheck Protection Loan of $25,000 through TD Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Trevor Costa's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trevor Costa reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Trevor Costa in Wyandanch, NY
50 Wyandanch Avenue
Wyandanch, NY 11798
Book, Periodical, and Newspaper Merchant Wholesalers
NAICS code 424920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wyandanch
In the Wyandanch area, 2 businesses in the "Book, Periodical, and Newspaper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $16,650 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
WAX Poetic Productions, Inc
Industry PPP Comparison Statistics
Nationwide, 1,377 businesses in the "Book, Periodical, and Newspaper Merchant Wholesalers" industry received a total of $105.88M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 233% higher than Trevor Costa's reported 3 employees, and received an average PPP loan of $76,890, 208% higher than this company's loan of $25,000.
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Footnotes & Information
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